This form is an Arbitration Agreement. The form provides that the agreement is an election to resolve claims, disputes, and controversies by arbitration rather than the judicial process.
Arbitration Process For Dispute Resolution In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00416-2
Format:
Word;
Rich Text
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The Law Division Mandatory Arbitration program is an alternative dispute resolution process for civil suits seeking money damages. Arbitration is a mandatory but non-binding informal hearing where a neutral arbitrator, or panel of arbitrators, is selected to hear the evidence in your case.The Request and Agreement to Arbitrate form assists members in filing for arbitration where they believe that they are the procuring cause. Arbitration as a dispute resolution method in Illinois, offering speed, efficiency, confidentiality, and expertise compared to traditional litigation. This is the process of involving a third party to help the disputing parties discuss their conflict. Ultimately, it is up to the parties to hash out a decision. Arbitration is a private contractual dispute resolution process that is often more efficient than litigation. Arbitration is a 'binding' form of dispute resolution. Like judges, arbitrators are empowered determine who 'wins' and 'loses' design and construction disputes. Arbitration is a type of alternative dispute resolution (ADR) that often serves to resolve a disagreement without resorting to a court proceeding.
